Citigroup Cuts 12-Month Bitcoin Target to $112,000 From $143,000 as US Rules Lag

Citigroup reduced its 12-month Bitcoin price target to $112,000 from $143,000 and lowered its Ethereum target to $3,175 from $4,304. The bank's strategist Alex Saunders cited slower-than-expected U.S. regulatory progress in 2025 as a key factor behind softer assumptions for institution-driven ETF demand. The updated outlook also suggests some policy catalysts may not arrive until late 2026.